KOGAS attempts to expand LNG bunkering as global demand grows

Korea Gas Corp. (KOGAS) aims to expand liquefied natural gas (LNG) bunkering business as global demand for cleaner fuels for ships is growing.LNG bu...

Krafton aims to become global content provider with $3.7 bn IPO

South Korean game developer Krafton Inc. dreams of growing into global content provider with an up to $3.7 billion fund to be raised from an initial...

Surging global used car demand brightens Hankook Tire outlook

The global tire industry is enjoying a boom driven by fast-growing used car demand in the world. Hankook Tire & Technology is seen as a key bene...

Hyundai Motor, Kia post strong Q2 profits; Chip shortage dims outlook

Hyundai Motor Co. and Kia Corp., South Korea’s two largest automakers, on Thursday posted strong second-quarter earnings, driven by pricey spo...

Naver to boost content, shopping businesses in Q4 via Shinsegae alliance

South Korea’s top portal operator Naver Corp. plans to beef up its shopping and content businesses in the second half of this year, backed by ...

Delta variant, rate hike views hurt Korean lower-rated corporate bond sales

South Korean companies with low credit ratings around BBB are suffering weaker demand in the primary market. A spread in the Delta coronavirus varia...

Sandbox Network sets up China affiliate for business expansion

South Korea’s largest multichannel network (MCN) company Sandbox Network Inc. has made another major step forward in expanding its China busin...

SK Materials’ shares fly high on rosy business outlook

Shares of SK Materials Co., the industrial gas manufacturing affiliate of South Korea’s SK Group, are hovering around all-time high levels ami...

Nintendo Korea logs record-high revenue despite boycott of Japanese goods

Japanese video game giant Nintendo Co. posted an all-time high revenue in South Korea last year despite consumers boycotting Japanese products. The ...

Construction workers' fund invites bids for $25 mn infra mandate

South Korea’s Construction Workers Mutual Aid Association issued a request for proposals to commit $25 million to a global infrastructure fund...

Disney Plus' S.Korea launch delayed after Netflix's court loss

Disney Plus, a global over-the-top (OTT) streaming service provider, has pushed back its South Korean service launch by about a quarter to the end o...

LG Innotek’s substrate business becomes a cash cow

Korea’s leading camera module maker LG Innotek Co. is projected to post record earnings this year thanks to its fast-growing integrated circui...

Green Cross' two Kosdaq-listed cell therapy arms to merge

South Korea's pharmaceutical group Green Cross Corp., or GC Pharma, will combine its two cell therapy developers listed on the junior Kosdaq market ...

Korea Inc. rush to sell property, new shares to fund new business

South Korea’s major companies are rushing to secure cash to fund new business. Some have sold or securitized property, while others issued n...

BlackRock Real Assets makes first Korean offshore wind investment

BlackRock Real Assets, a unit of the world’s largest asset manager BlackRock Inc., has acquired a 100% equity stake in Korea Renewable Energy ...

Samsung Next ramps up investment in NFT ventures

Samsung Electronics Co. is betting big on non-fungible token (NFT) companies through its venture capital unit Samsung Next, headquartered in Mountai...

Lotte Chemical goes green with $3.8 bn investment in hydrogen business

South Korea’s Lotte Chemical Corp. is investing 4.4 trillion won ($3.8 billion) in hydrogen projects by 2030 to foster the business as a new g...

Moody's urges Korean banks to beef up online platforms

South Korea's traditional banks, led by KB, Shinhan, Hana and Woori, will need to strengthen their online platforms as KakaoBank, the country's lead...

Global EV race kicks off with key players investing $168 bn

The global auto industry is rapidly making a full-fledged shift towards electric vehicles (EVs), with the world’s five major market players, i...

Delta coronavirus variant hits global stock markets

Global stock markets lost ground on mounting fears over the spread of the Delta coronavirus variant. Record-breaking US shares riding on the hopes...

POSCO returns from pandemic blues with record quarterly profit

South Korea’s largest steelmaker POSCO is emerging stronger from the pandemic-caused economic slowdown, with a record quarterly profit on robu...

Fed’s Powell, BOK chief to meet during G20 gathering

Federal Reserve Chair Jerome Powell and Bank of Korea (BOK) Governor Lee Ju-yeol will meet during a Group of 20 (G20) gathering of finance ministe...

SK Global Chemical to start plastic waste recycling business in Asia

SK Global Chemical (SKGC), a petrochemical subsidiary of SK Innovation Co., plans to build a plastic waste recycling plant in South Korea to extract...

Market Kurly makes U-turn to Korea Exchange IPO

Kurly Inc., the operator of South Korea's online grocery delivery service Market Kurly, has canceled a US listing plan to resume its domestic IPO pr...

Samsung’s LED business makes big global rebound

Samsung Electronics Co.’s light-emitting diode (LED) business, which was almost on the verge of a shutdown due to its sluggish performance, is...

POSCO Chemical to bolster EV presence with 60,000-ton cathode plant

POSCO Chemical Co. will invest 600 billion won ($523 million) from 2022 to build a cathode materials plant in Pohang city with an annual capacity of...

Samsung Elec's Q2 operating profit beats forecast on strong chip business

Samsung Electronics Co. said its operating profit in the second quarter likely surged more than 50%, beating market expectations, thanks to its heal...

SK Innovation turns to PEFs to sell stake in SK Global

South Korea's SK Innovation Co. is tapping private equity firms to sell up to a 49% stake in SK Global Chemical Co. after the chemical raw materials...

LG Electronics sees decent growth in US home appliance business

South Korea’s LG Electronics Inc. expects to post significant revenue growth in its home appliance business in the second quarter, driven by p...

No.1 K-pop goods maker Copan Global eyes digital expansion

The world of K-pop is globally known for offering a truly wide selection of merchandise items for fans. While balloons were the only goods used by t...